Rising applications of cephalosporins are expected to drive the demand for antibiotic drugs market.
HYDERABAD, TELANGANA, INDIA, November 4, 2022 /EINPresswire.com/ — IndustryARC, in its latest report, predicts that Antibiotic Drugs Market The size is expected to reach $65.3 billion by 2027 growing at a CAGR of 5.2% during the forecast period 2022-2027. Antibiotics Medications, also called antibacterials, are drugs that kill or retard the growth of bacteria. They involve a series of powerful drugs and are used to treat conditions caused by bacteria. The emerging dominance of bacterial contaminations necessitating the application of fluoroquinolone antibiotics in conjunction with the requirement for effective and novel antibiotics is expected to propel the growth of the Antibiotics Market during the forecast period 2022-2027. The report offers a comprehensive analysis of the market, its main segments, growth factors, trends, drivers and challengers, key players and more.
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Key points to remember:
This IndustryARC Antibiotic Drugs Market report highlights the following areas –
1. Geographically, the Asia-Pacific Antibiotics market accounted for the highest revenue share in 2021 and it is poised to dominate the market during the period 2022-2027 owing to the growing consumption of antibiotics like fluoroquinolone antibiotics and the growing prevalence of infectious diseases in the Asia-Pacific region.
2. Antibiotics Drugs The growth of the market is driven by the development of generic drugs, the application of antibiotics against parasites and the increase in susceptible elderly population. However, some of the issues related to antibiotic resistance and monotonous and lengthy regulatory processes are some of the major factors hindering the growth of the Antibiotics market.
3. A detailed analysis of the Antibiotic Drugs Market on the strengths, weaknesses and opportunities of the key players operating in the market will be provided in the Antibiotic Drugs Market report.
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Antibiotic Drugs Market Segment Analysis – By Product Type: Cephalosporins segment held the largest market share in 2021. This growth is driven by the creation and introduction of new drugs and combinations to treat a vast series bacterial infections. Fluoroquinolones are another type of antibiotic.
Antibiotics Market Segment Analysis – By Business Spectrum: The broad-spectrum antibiotics segment held the largest market share in 2021. This growth is driven by the increasing application of broad-spectrum antibiotics against a vast series diseases which in turn support the fight against antimicrobial resistance. Fluoroquinolones have broad-spectrum antimicrobial activity.
Antibiotic Drugs Market Segment Analysis – By Geography: North America, Europe, Asia-Pacific, South America and Rest of the World. Asia-Pacific (antibiotic drugs market) held the largest share with 33% of the overall market in 2021. Growth in this region is driven by uncontrolled sales and excess intake of antibiotics, including fluoroquinolones, In the region.
Top 5 Antibiotics Drugs Industry Players are –
1. Pfizer, Inc.
2. Janssen Pharmaceuticals
3. Abbott Laboratories
4. GlaxoSmithKline plc
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